Category: World
Asia in middle of shopping mall revolution, China and India leads
SINGAPORE, July 12, 2006 (AFP) – China and India are leading a revolution in the shopping centre industry in Asia but investors must have the business acumen, stamina and money to navigate regional markets, industry players said Wednesday. Driven by strong economic growth and rising disposable incomes, hundreds of shopping malls have sprouted across the […]
IMF proposes emergency liquidity cushion
SINGAPORE, July 11, 2006 (AFP) – The International Monetary Fund (IMF) is proposing an emergency liquidity cushion to help Asian and other emerging economies deal with any financial crises. Takatoshi Kato, the IMF’s deputy managing director, told a seminar in Singapore on Monday that despite the buoyant global economy, precautions must be taken against future […]
‘s churches say they may have answer to economic woes
HARARE, July 9, 2006 (AFP) – Zimbabwe’s churches are rallying to provide what they call a “comprehensive document” they believe could help lift the embattled southern African country from its political and economical muddle.The plan drawn up by the influential Zimbabwe Council of Churches (ZCC) comes in the wake of a recent call by President […]
Zimbabwe’s churches say they may have answer to economic woes
HARARE, July 9, 2006 (AFP) – Zimbabwe’s churches are rallying to provide what they call a “comprehensive document” they believe could help lift the embattled southern African country from its political and economical muddle.The plan drawn up by the influential Zimbabwe Council of Churches (ZCC) comes in the wake of a recent call by President […]
‘s ruling Congress battles mounting criticism over reforms
NEW DELHI, July 8, 2006 (AFP) – India’s ruling Congress party moved into damage control on Saturday after an embarrassing U-turn on privatisation sparked rumours that Prime Minister Manmohan Singh was quitting.“There are no differences, and will never be, between the party and the prime minister. We stand as one,” Singh’s Congress party spokeswoman Jayanti […]
India’s ruling Congress battles mounting criticism over reforms
NEW DELHI, July 8, 2006 (AFP) – India’s ruling Congress party moved into damage control on Saturday after an embarrassing U-turn on privatisation sparked rumours that Prime Minister Manmohan Singh was quitting.“There are no differences, and will never be, between the party and the prime minister. We stand as one,” Singh’s Congress party spokeswoman Jayanti […]
‘ finances
TOKYO, July 7, 2006 (AFP) – The Bank of Japan said Friday it will ban its executives from investing in most types of financial products following a scandal over its governor’s personal investments.They will be forbidden from trading stocks or investing in private funds, the central bank decided, based on recommendations from an advisory panel. […]
Indian freeze on privatisation shows PM’s tough reforms fight
NEW DELHI, July 7, 2006 (AFP) – India’s move to freeze its privatisation programme is a bad signal for reforms and highlights the uphill battle Prime Minister Manmohan Singh faces to liberalise the economy, analysts said Friday.Only two weeks after announcing the government would revive asset sales, Singh said Thursday he was putting “on hold” […]
Bank of Japan to tighten rules on executives’ finances
TOKYO, July 7, 2006 (AFP) – The Bank of Japan said Friday it will ban its executives from investing in most types of financial products following a scandal over its governor’s personal investments.They will be forbidden from trading stocks or investing in private funds, the central bank decided, based on recommendations from an advisory panel. […]
‘s tough reforms fight
NEW DELHI, July 7, 2006 (AFP) – India’s move to freeze its privatisation programme is a bad signal for reforms and highlights the uphill battle Prime Minister Manmohan Singh faces to liberalise the economy, analysts said Friday.Only two weeks after announcing the government would revive asset sales, Singh said Thursday he was putting “on hold” […]
Space clothes saving the lives of Earthlings
PARIS, June 29, 2006 (AFP) – From bras and babysuits equipped with monitors to tough suits to protect sportsmen and adventurers from the hazards of life on Earth, space technology is boldly pushing back fashion frontiers.“The space programme has over the years provided a catalyst for a lot of the progress we are seeing today […]
Slender Loris gasps for survival as urban India expands
BANGALORE, India, June 27, 2006 (AFP) – Hunted for centuries for its purported qualities as an aphrodisiac, asthma cure and as a kind of living voodoo doll, the tiny primate known as the Slender Loris has long faced a battle just to survive.But the biggest threat to the rare nocturnal animal, which has a distinctive […]